Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Donchian Channels

Score

-0.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 30 8.0 0.17% 0.19% 19.9% -7.9% -112.9%
SHORT 29 18.7 0.28% 0.36% 66.7% -7.6% 365.6%

Summary

Technical Analysis


The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.

Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;


PROFILE: Broo (BEE.AX)


Stock Exchange: ASX
Company: Broo
Ticker Codes: | BEE.AX | ASX:BEE |

About Broo (ASX:BEE):

Broo Limited produces and distributes beer in Australia and China. It operates through Hospitality, Australian brewing, and Chinese brewing segments. The company offers beers under the Broo Premium Lager and Australia Draught names. It serves hotels, liquor stores, restaurants, and other licensed premises through wholesalers. The company also manages pubs and boutique brewery venues. Broo Limited is headquartered in Mildura, Australia.

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Donchian Channels

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Company Close Change(%) Volume Value Signal
NHF NIB 6.82 15.8 4,054,736 49.24 BULLISH
MPL Medibank Private 3.21 11.5 23,800,298 46.08 BULLISH
MNY Money3 2.21 9.4 151,763 50 BULLISH
EML Emerchants 2.25 9.2 1,361,616 50 BULLISH
AFA ASF 0.12 9.1 11,208 50 BULLISH
RHC Ramsay Health Care 69.58 7.3 1,172,273 46.25 BULLISH
AYS Amaysim Australia 0.76 7 283,622 27.78 BULLISH
MEZ Meridian Energy 4.2 6.3 25,687 50 BULLISH
GGG Greenland Minerals 0.09 5.7 2,860,427 35.71 BULLISH
SGP Stockland 4.12 4.8 20,689,804 45.65 BULLISH